Cardano founder Charles Hoskinson has stepped ahead to deal with swirling rumors that he dumped his ADA holdings, sparking issues about his potential function within the altcoin’s dramatic 80% value crash. Amid hypothesis and social media chatter, Hoskinson firmly denies the claims, insisting he didn’t personally contribute to the decline by offloading his belongings.
Cardano Founder Denies Claims Of Promoting ADA
Regardless of the festive vacation season, Hoskinson was bombarded with accusations of contributing to ADA’s 80% value crash over the previous 4 years. Initially, the Cardano founder took to X on December 25 to share an optimistic message for 2026, encouraging holders and group members to not lose hope.
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He emphasised that regardless of the challenges of the previous years, there’s a lot to stay up for in 2026. He prolonged vacation greetings and expressed appreciation for the Cardano group, together with members like @injective_pie, who has been vocal about ADA’s price performance and its blockchain’s progress through the years.
Whereas many responded positively to Hoskinson’s messages and vacation greetings, @injective_pie confronted him instantly, accusing him of dumping ADA. The group member questioned the Cardano founder about promoting his ADA at $3 and never shopping for again at decrease ranges round $0.3, suggesting that such actions may undermine belief within the crypto undertaking.
Hoskinson swiftly dismissed these allegations, insisting that he didn’t dump his ADA and that false narratives don’t change actuality. The member’s response highlighted the stress between the Cardano founder and a few skeptical segments of the group. It additionally underscored the continuing dissatisfaction with the present value of ADA.
Notably, frustration among ADA investors has been rising through the years, because the cryptocurrency has didn’t regain its all-time highs. Since its 2021 peak, the Cardano value has steadily declined, most not too long ago dropping towards $0.35 after crashing by over 3% this week. 12 months-to-date, the altcoin has fallen by greater than 50%, underscoring the extended challenges going through the community regardless of its strong community support.
Cardano’s underperformance stands in distinction to different main cryptocurrencies, corresponding to Bitcoin and Ethereum, which reached new ATHs this year. Even with its surging every day buying and selling quantity of greater than 96%, ADA has yet to show any significant upward momentum, declining much more because the broader market navigates ongoing bearish pressures.
ADA Value Weakens Additional As Open Curiosity Drops
Amidst sluggish value motion, data from Coinglass exhibits that ADA Futures Open Interest (OI) has declined from $1.72 billion in October 2025 to $651 million as of December 26. This huge change represents a steep decline of greater than 62% in lower than three months.
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With key fundamentals deteriorating and market sentiment weakening, extra strain has been positioned on ADA’s value. On-chain knowledge additionally shows that Cardano’s Worry & Greed Index stands at 37, firmly positioned within the concern zone, as the worth continues to development decrease.
Featured picture from Unsplash, chart from Tradingview.com
